IMPROVEMENTS ARE NEEDED IN OFFSHORE VOLUNTARY DISCLOSURE COMPLIANCE AND PROCESSING EFFORTS
August 17, 2016
See this report: https://www.treasury.gov/tigta/auditreports/2016reports/201630030fr.pdf of findings of the TIGTA audit that was initiated to assess how well the IRS is managing the OVDP and its efforts to improve taxpayer compliance and hold taxpayers who fail to report their offshore financial activities on their tax returns and Reports of Foreign Bank and Financial Accounts (FBAR) accountable.
US citizen and resident individuals must have health care coverage (Form 1095), have a health coverage exemption, or make a shared responsibility paym...
Health Care Coverage
May 13, 2016
On December 17th at the George Washington University Law conference on international taxation, the Commissioner of the IRS John Koskinen said, “At s...